What are the challenges in the Free Trade Agreement (FTA) negotiations between India and the UK according to the UK envoy
The UK envoy, Rishi Sunak, expressed his interest in visiting India for the FTA negotiations, but he mentioned that there are still several difficult issues that need to be resolved.
According to the UK envoy, Rishi Sunak, the Free Trade Agreement (FTA) negotiations between India and the UK face several challenges. These challenges include:
- Different tariff structures: India and the UK have different tariff structures, which can hinder the negotiation process as they try to align their interests.
- Access to services market: Both countries have different policies and regulations regarding access to each other's services market, making it difficult to achieve a mutually beneficial agreement.
- Investment regulations: The negotiation process also faces challenges in areas such as intellectual property rights, investment regulations, and dispute resolutions.
- Agricultural imports: The UK envoy highlighted that India's concerns about agricultural imports, particularly dairy and meat products, can be a source of contention in the negotiations.
- Tariff reduction: Negotiating the reduction of tariffs on specific goods and avoiding any negative impact on domestic industries is another challenge that needs careful consideration.
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